Blue Moon Metals (CVE:MOON) Hits New 1-Year High – What’s Next?

Blue Moon Metals Inc. (CVE:MOON)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$8.57 and last traded at C$8.30, with a volume of 123647 shares changing hands. The stock had previously closed at C$7.77.

Analyst Ratings Changes

Separately, Scotiabank upped their price objective on Blue Moon Metals from C$6.00 to C$7.50 in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$7.50.

Blue Moon Metals Price Performance

The company has a quick ratio of 0.50, a current ratio of 3.53 and a debt-to-equity ratio of 10.12. The stock has a market cap of C$642.70 million, a P/E ratio of -17.28 and a beta of 1.68. The firm has a 50 day moving average price of C$6.00 and a 200 day moving average price of C$4.55.

Blue Moon Metals Company Profile

Blue Moon Metals Inc, an exploration stage company, engages in the exploration and development of mineral resource properties in Canada and the United States. The company primarily explores for zinc, copper, silver, and gold deposits. It primarily holds 100% interests in the Blue Moon zinc property that comprises patented and unpatented lode mineral claims totaling 445 acres in Mariposa County, California; and Yava base metals property, which includes two mineral leases totaling 1,280 hectares located in Nunavut.